949 Monolithic Power Systems, Inc. $MPWR Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.5% during the third quarter, Holdings Channel reports. The institutional investor owned 60,302 shares of the semiconductor company’s stock after selling 949 shares during the quarter. Russell Investments Group Ltd.’s holdings in Monolithic Power Systems were worth $81,283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WestEnd Advisors LLC lifted its stake in shares of Monolithic Power Systems by 2,000.0% during the third quarter. WestEnd Advisors LLC now owns 21 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 20 shares during the period. Transamerica Financial Advisors LLC acquired a new stake in Monolithic Power Systems in the second quarter worth about $35,000. Danske Bank A S acquired a new stake in Monolithic Power Systems in the second quarter worth about $36,000. Continuum Advisory LLC acquired a new stake in Monolithic Power Systems in the second quarter worth about $43,000. Finally, GK Wealth Management LLC bought a new stake in Monolithic Power Systems during the 3rd quarter worth about $43,000. Institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Oppenheimer cut their target price on shares of Monolithic Power Systems from $1,700.00 to $1,500.00 and set an “outperform” rating on the stock in a research report on Friday, October 23rd. Wells Fargo & Company lowered their price target on shares of Monolithic Power Systems from $1,800.00 to $1,550.00 and set an “overweight” rating for the company in a research report on Tuesday, October 20th. KeyCorp boosted their price target on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Truist Financial boosted their price target on shares of Monolithic Power Systems from $1,889.00 to $1,906.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Finally, Rosenblatt Securities upgraded shares of Monolithic Power Systems from a “neutral” rating to a “buy” rating and increased their price objective for the company from $1,575.00 to $1,700.00 in a report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Buy” and a consensus target price of $1,783.77.

Insider Transactions at Monolithic Power Systems

In related news, CFO Frank Anthony Balow III sold 20 shares of the company’s stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $1,434.31, for a total transaction of $28,686.20. Following the sale, the chief financial officer owned 2,921 shares in the company, valued at approximately $4,189,619.51. This represents a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.60% of the company’s stock.

Monolithic Power Systems Price Performance

NASDAQ:MPWR traded down $56.86 during trading hours on Friday, reaching $1,390.54. 737,145 shares of the stock were exchanged, compared to its average volume of 1,127,662. Monolithic Power Systems, Inc. has a twelve month low of $833.18 and a twelve month high of $1,714.09. The stock has a market cap of $67.82 billion, a PE ratio of 76.78 and a beta of 1.71. The firm has a 50 day moving average of $1,284.98 and a 200 day moving average of $1,324.28.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, October 29th. The semiconductor company reported $8.19 EPS for the quarter, topping the consensus estimate of $7.79 by $0.40. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Monolithic Power Systems had a net margin of 23.85% and a return on equity of 25.23%. The firm’s revenue was up 63.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.73 earnings per share. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 23.72 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 44.17%.

About Monolithic Power Systems

Monolithic Power Systems, Inc. (MPS) designs, develops and markets semiconductor-based power management solutions. Its products include power management integrated circuits, DC-to-DC converters, power modules, battery chargers, LED drivers and motor drivers, which help control and convert electrical power in electronic systems. The company’s products serve a range of markets, including computing and data storage, automotive, communications, consumer electronics and industrial applications. MPS sells to customers around the world through direct sales and distribution channels.